We are living in an era in which equity in education is framed and measured through individual academic achievement. Schools are viewed as economic engines for a better life . By virtue of providing adequate preparation for entering the economy and gaining a well-paying job, they are construed as capable of closing the opportunity gap. This…

This article illustrates how literature can bring models to life in undergraduate courses on labor market economics. The authors argue that economics instructors and students can benefit from even small doses of literature. The authors examine excerpts from five American novels: "Sister Carrie" by Theodore Drieser (1900/2005); "The Grapes of…

In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian model, higher saving rate causes lower consumption, which may lead to a recession. Students may ask, "Should we save or should we consume?" In most of the macroeconomics textbooks, economic growth and Keynesian economics are in…

Argues that neoclassical conceptions of political geography separate economic from political processes and therefore ignore the consequences of economic policies. Uses discourse theory to show how the pretensions of objectivity embedded in neoclassical trade theory obscure these consequences. Briefly reviews trade theory from Adam Smith to the…

Comments on the World Bank's policy paper on vocational and technical education and training. Argues that past failures in establishing effective vocational and technical education were a result of not applying conventional neoclassical economic theory. Asserts that the World Bank's policy paper corrects this approach. (CFR)

Briefly defines and provides some background on Eugen von Bohm-Bawerk's "marginal pairs" theory of pricing. Asserts that Bohm-Bawerk's theory is a good introduction to the Austrian school of economics and illustrates the differences between this approach and neoclassical economic theory. Includes several graphs and tables of data. (MJP)

Traces the search for economic development alternatives that go beyond conventional neo-classical and Marxist theory and practice. Outlines case studies of social and economic transformation in South Korea and China and delineates the differences between similar attempts in Latin America and Eastern Europe. (MJP)

This paper provides an account of the main approaches, debates and evidence in the literature on the role of workforce skills in the innovation process in developed economies. It draws on multiple sources including the innovation studies discipline, neoclassical Human Capital theory, institutionalist labour market studies and the work organisation…

Purpose: This paper seeks to describe a framework used to help MBA students understand and reconcile the different sustainability perspectives. Design/methodology/approach: A review of the corporate sustainability literature is undertaken to develop the sustainability framework. Findings: The sustainability framework relates basic concepts and…

Utopian thinking has captured the human imagination for millennia and has exerted strong influences on societies--in particular, on their socioeconomic, political, and cultural dimensions of societies. Consequently, enhancement of global awareness requires attention to utopian frameworks, especially when those frameworks are influencing the…

Provides an explanation of the post-World War II economic phenomenon of Japan as a process of economic convergence within the framework of the neoclassical Solo-Swan model of economic growth. States that this interpretation helps students understand economic growth and development and Japan's modern economic history. (JEH)

Discusses the neo-classical backlash to a therapeutic liberalism in moral education that has attempted to revive the character education system established in the early decades of the 20th century. Notes the importance of generating habits of good moral conduct, then discusses literature and moral understanding, the move from theory to practical…

Maintains that, in order to understand the current debate over liberalism, a historical perspective on the subject is necessary. Traces the history of liberalism from its inception in the Reformation to the present conflict between neoclassical liberalism and welfare liberalism. Focuses on the major theorists of liberalism. (RW)